Gross domestic product (gdp) increases if prices decrease by and quantities produced increase by .

Gross domestic product (GDP) is a monetary measure of the market value of all final products and services produced by countries in a given time period.
Because of its complexity and subjectivity, this metric is frequently changed before being regarded as a credible indication.
Rising GDP means more employment will be created, and workers will be able to earn higher pay raises.
If GDP falls, the economy shrinks, which is bad news for firms and people.
A recession occurs when GDP falls for two quarters in a row, which can result in pay freezes and job losses.
Gross domestic product (GDP) rises when prices fall by 2% and output rises by 4%.

Therefore, gross domestic product (GDP) increases if prices decrease by (C) 2 percent and quantities produced increase by 4 percent.

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The complete question is given below:

Gross domestic product (GDP) increases if prices decrease by ________ and quantities produced increase by ________.

(A) 4 percent; 2 percent

(B) 3 percent; 1 percent

(C) 2 percent; 4 percent

(D) 3 percent; 3 percent

(E) 2 percent; 2 percent

Gross domestic product (gdp) increases if prices decrease by ________ and quantities produced increase by ________.